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JBDI (JBDI Holdings) LT-Debt-to-Total-Asset : 0.24 (As of May. 2024)


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What is JBDI Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. JBDI Holdings's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.24.

JBDI Holdings's long-term debt to total assets ratio declined from May. 2023 (0.27) to May. 2024 (0.24). It may suggest that JBDI Holdings is progressively becoming less dependent on debt to grow their business.

JBDI Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for JBDI Holdings's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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JBDI Holdings LT-Debt-to-Total-Asset Chart

JBDI Holdings Annual Data
Trend May21 May22 May23 May24
LT-Debt-to-Total-Asset
0.37 0.28 0.27 0.24

JBDI Holdings Semi-Annual Data
May21 Nov21 May22 Nov22 May23 Nov23 May24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial 0.28 0.27 0.27 0.26 0.24

JBDI Holdings LT-Debt-to-Total-Asset Calculation

JBDI Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2024 is calculated as

LT Debt to Total Assets (A: May. 2024 )=Long-Term Debt & Capital Lease Obligation (A: May. 2024 )/Total Assets (A: May. 2024 )
=1.064/4.455
=0.24

JBDI Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )/Total Assets (Q: May. 2024 )
=1.064/4.455
=0.24

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

JBDI Holdings  (NAS:JBDI) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

JBDI Holdings LT-Debt-to-Total-Asset Related Terms

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JBDI Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » JBDI Holdings Ltd (NAS:JBDI) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
34 Gul Crescent, Singapore, SGP, 629538
Website
https://www.barrels.com.sg
JBDI Holdings Ltd is a supplier of Reconditioned and new Containers in Singapore. Its products include Reconditioned and new steel drums, plastic drums, carboys and IBCs.